Gimme a break

San Francisco homeowners have until March 31 to request an informal review of the market value of their property to see whether they’re eligible for a property tax break, City Assessor-Recorder Phil Ting announced Wednesday.

Owners whose property taxes were temporarily reduced last year need not reapply for a review again this year; that will be done automatically. The results will be mailed out at the end of July.

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Last year, approximately 11,700 homeowners in the city saw a reduction in their property taxes because the assessed value of their homes was lower than the going market rate in this gloomy economic climate. That was good news for property owners but not so good news for the city, which relies on tax revenue to help fund basic services.